2 months ago
VLADIVOSTOK, Sept 4 (Reuters) - Igor Sechin, chief of Russia's top oil producer Rosneft, said on Thursday that China, not OPEC, has stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year.
Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian - Chinese business forum in the far eastern city of Vladivostok.
"This year, China has effectively taken the lead from OPEC and, without being a member of any cartel, has managed to stabilise the global oil market by cutting its oil imports by 5.5 million barrels per day," Sechin said.
Sechin, known for his skepticism towards OPEC, said China will get more influence on the energy markets as the number of OPEC members is declining.
"I believe that further growth in China's reserves will strengthen China's role in the energy market, against a backdrop of OPEC's waning influence and a reduction in the number of its members," Sechin said.
#sechin #energy #vladivostok
Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian - Chinese business forum in the far eastern city of Vladivostok.
"This year, China has effectively taken the lead from OPEC and, without being a member of any cartel, has managed to stabilise the global oil market by cutting its oil imports by 5.5 million barrels per day," Sechin said.
Sechin, known for his skepticism towards OPEC, said China will get more influence on the energy markets as the number of OPEC members is declining.
"I believe that further growth in China's reserves will strengthen China's role in the energy market, against a backdrop of OPEC's waning influence and a reduction in the number of its members," Sechin said.
#sechin #energy #vladivostok
2 months ago
By Vladimir Soldatkin
VLADIVOSTOK, Russia, Sept 3 (Reuters) - Russian President Vladimir Putin said on Thursday there was a chance of reaching an agreement to end the war in Ukraine, while Kyiv said it expected a "new dynamic" in peace efforts.
Putin, speaking at an economic forum in Russia's far east, said a number of countries including the U.S. and China were ready to support a peace settlement.
"Ultimately, however, the problem must be resolved by the countries involved in the conflict — Russia and Ukraine," he said.
"We are grateful to everyone attempting to contribute to a settlement. Is there a chance? In my view, yes, there is."
#Russia #ukraine #chance
VLADIVOSTOK, Russia, Sept 3 (Reuters) - Russian President Vladimir Putin said on Thursday there was a chance of reaching an agreement to end the war in Ukraine, while Kyiv said it expected a "new dynamic" in peace efforts.
Putin, speaking at an economic forum in Russia's far east, said a number of countries including the U.S. and China were ready to support a peace settlement.
"Ultimately, however, the problem must be resolved by the countries involved in the conflict — Russia and Ukraine," he said.
"We are grateful to everyone attempting to contribute to a settlement. Is there a chance? In my view, yes, there is."
#Russia #ukraine #chance
